Jim Craig's 'Miracle on Ice' collection features the U.S. flag he draped over his shoulders after winning the 1980 gold medal. Asking price for the flag is between $1 and $1.5 million.

The American flag draped over goalie Jim Craig's shoulders after the United States' improbable ice hockey victory at the 1980 Lake Placid Olympics - as well as Craig's gold medal, mask, skates and jerseys and more than a dozen other items - is up for sale.

The items are being offered in a private sale by Leland's, the Long Island sports memorabilia company. Leland's appraisers said the flag is worth between $1 million and $1.5 million; the asking price for the entire "Jim Craig Miracle on Ice Collection" is $5.7 million.

Craig told the Daily News that the decision to sell his collection, which Leland’s will display this week at the National Sports Collectors Convention in Chicago, was “really difficult.” Craig has has loaned numerous pieces in the past to the Hockey Hall of Fame and other museums. His two now-adult children took pieces to school for show-and-tell; so did his nieces and nephews.

Craig, now a motivational speaker, said he hopes the buyer will continue to make his historic gear accessible to fans.

The Olympic gold medal won by 1980 Team USA hockey goalie Jim Craig.

“It’s always been important to me to share this with the fans. We’ve shared it for 35 years. Hopefully somebody will buy the entire collection and display it so people will be able to see it forever,” Craig said.

Craig said he has decided to sell his memorabilia now to bring financial stability to his children and grandchildren. Craig's son is 26 years old and his daughter is 24. Proceeds from the sale will also be used to benefit several charities Craig supports.

The only other Miracle on Ice player to sell his gold medal was Mark Wells, who was struggling with health issues. But Craig said he has no regrets. It is easier to split cash than a medal, he said.

“If I had only one child, it would have been a lot easier,” he said.

Jim Craig's jersey is one of the featured items in the 'Miracle on Ice' collection offered by Long Island sports memorabilia company Leland's.

Jim Craig is parting with his treasures from the 1980 Olympics to secure his family's future.

Jim Craig's jersey is one of the featured items in the 'Miracle on Ice' collection offered by Long Island sports memorabilia company Leland's.